Oliver Schmidt, one of seven Volkswagen AG executive charged with crimes in the U.S. related to the maker’s diesel-emission rigging scandal, will remain in custody after judge agreed with prosecutors that he was a flight risk.
Schmidt, who worked at VW’s engineering center in Auburn Hills, Michigan before the scandal came to light, was arrested in January in Miami as he was traveling from Cuba to Germany. The ruling, which confines Schmidt to his home in Michigan, came despite more than $1.6 million in cash and assets were raised by family and friends for bail.
“The allegations of fraud and conspiracy in this case are very, very serious,” Judge Sean Cox of the U.S. District Court for Eastern Michigan, said, according to Reuters. “There is a serious risk that Mr. Schmidt will not appear in this case.” (more…)